Tuesday, February 7

Tag: Ethereum News

Ethereum Sees 135,780 New Addresses Popping Up On The Network, Potential Breakouts
Ethereum

Ethereum Sees 135,780 New Addresses Popping Up On The Network, Potential Breakouts

In a recent tweet by the on-chain analytics firm, Santiment Feed, there have been an additional 135,780 new Ethereum addresses recently created making the total wallet previous record of Jan 3rd by 11.1%. https://twitter.com/santimentfeed/status/1579186559483772928 Ethereum Adds New 135,780 Addresses, Santiment Noted Santiment noted; “Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network,” Santiment tweeted. “This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Utility rises commonly foreshadow potential asset breakouts.” Read Also: Zaradar's Terra Classic Re-Peg Proposal Is Finally Out, Terra USD's Price And Tokens Market Cap Spikes However, the Santiment could not explain the reason for th...
Ethereum Now Tops The List Of The Most Staked Crypto Assets
Ethereum

Ethereum Now Tops The List Of The Most Staked Crypto Assets

The staking platform of the second-largest crypto assets has been receiving massive stakes since the network upgrade. Per the recent news, Ethereum wins the trophy to be one of the most staked crypto assets. Most Staked Crypto Asset The news comes following the successful merge event of the Beacon Chain Consensus Layer incorporated with the Ethereum Execution Layer. Read Also: Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours There has been a lot of breakthrough from reporters concerning the merger in favour of the Ethereum network. This announcement is yet another achievement specifically for the smart contract compatible with the blockchain network. Since the whole digital space has ...
A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours
Ethereum

A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours

Per Whale Alert, the whale tracking platform, over 270,000 Ethereum has been sent to central exchanges within the space of 2 hours post-merge. Over 20,000 ETH Were Sent To FTX Over 20,000 Ethereum were sent to FTX in the first two transactions. The first transaction sent 12,497 ETH worth $17 million was transferred, followed by 8,426 ETH worth over $11.5 million, just 9 minutes later. Read Also: An Unknown Whale Purchase A Total Of $500 Million Worth Of XRP, XRP Spikes From Its 48-Hour Low To $0.37 At 6% Increase https://twitter.com/whale_alert/status/1572020511747743744 https://twitter.com/whale_alert/status/1572022883815235586 A Whopping 250k Were Sent To Binance Another whooping 250,000 Ethereum worth over $338 million were sent to Binance as stated by Wha...
As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future
Ethereum

As The Merge Approaches CME Group Announces The Launch Of Options On the Ether Future

As the Ethereum Merge approaches, CME Group, the world’s top derivatives marketplace announces the launch of options on the Ether future. Per the statement of Tim McCourt, the Global Head of Equity and FX Products, CME Group, as Market participants long for the upcoming merge, a potentially game-changing update of one of the largest cryptocurrency networks, interest in Ether derivatives is surging," Read Also: A Top ETH Whale Acquires Over 536.51 billion SHIB From Coinbase And Binance In The Past 24 Hours Tim stated: "The launch of our new Ether options contracts is particularly well-timed to provide the crypto community with another important tool to gain access to and manage exposure to ether. Our new options contracts will also complement CME Group's Ether futures wh...
A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge
Ethereum

A Whopping 260,000 ETH Worth $434.18 Million Was Moved To Binance Ahead Of Merge

According to Whale Alert, the cryptocurrency whale tracking platform has closely watched the transaction involving the second largest cryptocurrency in the world. As stated on the official handle of the Whale alert, a massive amount of 260,000 Ethereum was deposited on Binance in the hours leading up to press time.  Read Also: A Mysterious Wallet Acquired A Whopping 3.37 Trillion SHIB https://twitter.com/whale_alert/status/1567182144409042948 At the time of the transaction, the total Ethereum moved was worth approximately $434.18 million.  The massive movement of Ethereum across exchanges like Binance is because of the Merge that is fast approaching. It is no news that the Ethereum network upgrade is coming up this month as stated by the Ethereum developers. ...
Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September
Ethereum

Bellatrix Upgrade Kicks Off Today, Ethereum Merge Around 13th-15th, September

The recent tweet by Ethereum’s founder, Vitalik Buterin, stated the Bellatrix kicks off today while the merge is still expected to come to life around September 13th to 15th. https://twitter.com/VitalikButerin/status/1566993505326710785 Ethereum’s Buterin stated;“The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important, though – make sure to update your clients!”  Recall, The merge road to the mainnet must be activated in two phases which include the Bellatrix, at an epoch height on the Beacon Chain and Paris, upon hitting a Total Difficulty value on the execution layer. Read Also: LEASH Token Is Now Officially Live On BlueBit.io In Addition To Three Oth...
Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches
Ethereum

Over 94,000 ETHs Were Staked In A Single Day As Merge Approaches

According to the WuBlockchain, over 94,000 ETH was staked on the 1st of September, the ATH since May. Although, the data by Oklink put the value at 94,997 ETH at an average price of $1,543.51. The amount of ETH on the Ethereum 2.0 staking contract has now surged to about 13.522 million. Read Also: Cardano's ADA Becomes The First Among 3,870 Largest Crypto In Terms Of Social And Market Activities WuBlockchain tweeted;“On September 1, 94,000 new ETHs were staked in a single day, the largest single-day staked since May this year. At present, the number of staked Ethereum consensus layer contract addresses has increased to 13.522 million, accounting for 11.3%,”  https://twitter.com/WuBlockchain/status/1566627079403081728 It is well noted that whenever there is a high stake ...
Binance Adds Support On Ethereum Fork Ahead Of Merge
Ethereum

Binance Adds Support On Ethereum Fork Ahead Of Merge

In a recent announcement, Binance, the largest cryptocurrency exchange added support to the Ethereum fork ahead of the merge. Binance plans to credit users’ accounts with tokens from any forked version of Ethereum developed during the merge. Also, according to Binance, the transaction for ETH and ERC-20 tokens would be put to stop ahead of the merge to secure customer funds. Read Also: SEC Files A 90 Page Reply In Support Of Its 120 Pages Once Filed To Exclude The Testimony Of The Ripple’s Defendant’s Expert Witnesses Binance Adds Support To The Potential Ethereum Fork As stated by the largest crypto exchange, it would allow the ETH ticker for the Ethereum PoS chain and then credit users’ Binance account the forked token from the minority chain at a ratio of 1:1 based on ...
Ethermine, The Largest Ethereum Pool Shuns Transaction Ethereum Addresses Related to Tornado Cash.
Blockchain

Ethermine, The Largest Ethereum Pool Shuns Transaction Ethereum Addresses Related to Tornado Cash.

Tornado Cash has been facing some measure of censorship recently due to the current US ban, for this reason, it has been facing rejection from various platforms. For instance, Ethermine, the largest Ethereum pool ignore the Ethereum Addresses Related to Tornado Cash. A tweet by Wu Blockchain stated that Bitfly-owned Ethermine, Ethereum’s largest mining pool, has been shunning Tornado Cash-related transactions over the past week. Read Also: Cardano's Hoskinson Slams The Stake Pool Operators For Taking Cardano Private Issues To The Public https://twitter.com/WuBlockchain/status/1560813902245818368 Wu Blockchain stated “Ethermine, the largest Ethereum pool, has refused to pack Tornado Cash-related transactions into blocks in the past week. Several pool technicians also confirme...
Ethereum Merge Is Now Live On The Georli Although There Are Issues Which Are Being Troubleshot To Get Their Root
Ethereum

Ethereum Merge Is Now Live On The Georli Although There Are Issues Which Are Being Troubleshot To Get Their Root

The long-awaited Ethereum merge has now lived on the final public testnet. It is good to know that Ethereum is planning to transit from the PoW to PoS due to the amount of energy consumed by the current proof-of-work. The merge has been the earnest hope of almost all members of the Ethereum community although, there are die-hard PoW that have the plan to abolish the EIP-1559 after the merge. It is good to know that for the merge to finally go live on the mainnet, it needs to go through three different public testnets of which it has gone through two out of three. After a series of the devnets, shadow forking and merges on the deprecated testnets. As reported by the Cryptolifedigital, a few weeks ago, the sepolia was transitioned to PoS this was after the merge has been ...